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Nonprofiteer
← VANDERBILT UNIVERSITY

Form 990 for tax year 2023

Filed by VANDERBILT UNIVERSITY.

Totals

Total revenue
$2,567,650,038
Total expenses
$2,297,164,772
Contributions and grants received
$371,990,272
Grants paid
$518,007,111
Program services expenses (Part IX)
$1,797,208,586
Management and general expenses
$449,527,054
Fundraising expenses
$50,429,132
Program service expenses (Part III)
$1,797,208,586

Program services were 78.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Daniel Diermeier

    See Schedule O

    Total calculated
    $2,809,902
    From this org
    $2,427,798
    From related orgs
    $0
    Other
    $382,104
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,521,926
    Bonus
    $616,875
    Other
    $288,997
    Deferred
    $367,413
    Nontaxable benefits
    $14,691
    Filer's total
    $2,809,902

  • Adena Friedman

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Adolpho A Birch III

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Alexander C Taylor

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Andrew Hoine

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Bruce R Evans

    Chairman

    Total calculated
    $0
    Hours/week
    6

  • Cindy Kent

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Conner Searcy

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Corey E Thomas

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • George Huber

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Greg S Allen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ike Lawrence Epstein

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Jay C Hoag

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey J Rothschild

    Vice-Chairman

    Total calculated
    $0
    Hours/week
    3

  • Jennifer Frist

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Arnold

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John R Ingram

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jon Winkelried

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Justin Ishbia

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kathleen E Justice-Moore

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kito K Huggins

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Lamar Alexander

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Makeba Williams

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark P Mays

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Mark Wilf

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nina Kohler

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nora W Tyson

    Vice-Chariman

    Total calculated
    $0
    Hours/week
    3

  • Peter Marshall

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Levy

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Sean Connolly

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Shaiza Rizavi

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Shirley M Collado

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Somto Okoye

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steven H Madden Sr

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Suzanne Perot McGee

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Timothy L Warnock

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • W Douglas Parker

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Anders W Hall

    See Schedule O

    Total calculated
    $8,245,993
    From this org
    $6,001,511
    From related orgs
    $0
    Other
    $2,244,482
    Hours/week
    50 + 4.4 related

    Schedule J breakdown matched by us

    Base
    $1,040,180
    Bonus
    $2,431,425
    Other
    $2,529,906
    Deferred
    $2,161,563
    Nontaxable benefits
    $82,919
    Filer's total
    $8,245,993

  • Brett C Sweet

    See Schedule O

    Total calculated
    $2,101,028
    From this org
    $1,749,056
    From related orgs
    $0
    Other
    $351,972
    Hours/week
    50 + 8 related

    Schedule J breakdown matched by us

    Base
    $1,220,600
    Bonus
    $349,944
    Other
    $178,512
    Deferred
    $286,302
    Nontaxable benefits
    $65,670
    Filer's total
    $2,101,028

  • C Cybele Raver

    See Schedule O

    Total calculated
    $1,024,052
    From this org
    $986,474
    From related orgs
    $0
    Other
    $37,578
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $782,689
    Bonus
    $175,305
    Other
    $28,480
    Deferred
    $16,302
    Nontaxable benefits
    $21,276
    Filer's total
    $1,024,052

  • Candice S Lee

    See Schedule O

    Total calculated
    $1,290,913
    From this org
    $1,222,589
    From related orgs
    $0
    Other
    $68,324
    Hours/week
    50 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $991,216
    Bonus
    $126,563
    Other
    $104,810
    Deferred
    $41,302
    Nontaxable benefits
    $27,022
    Filer's total
    $1,290,913

  • Eric C Kopstain

    See Schedule O

    Total calculated
    $845,435
    From this org
    $742,835
    From related orgs
    $0
    Other
    $102,600
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $592,518
    Bonus
    $126,575
    Other
    $23,742
    Deferred
    $86,302
    Nontaxable benefits
    $16,298
    Filer's total
    $845,435

  • John M Lutz

    See Schedule O

    Total calculated
    $1,521,860
    From this org
    $1,484,891
    From related orgs
    $0
    Other
    $36,969
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $931,384
    Bonus
    $181,443
    Other
    $372,064
    Deferred
    $16,302
    Nontaxable benefits
    $20,667
    Filer's total
    $1,521,860

  • Nathan Green

    See Schedule O

    Total calculated
    $541,820
    From this org
    $466,282
    From related orgs
    $0
    Other
    $75,538
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $382,210
    Bonus
    $82,294
    Other
    $1,778
    Deferred
    $9,900
    Nontaxable benefits
    $65,638
    Filer's total
    $541,820

  • Ruby Shellaway

    See Schedule O

    Total calculated
    $872,156
    From this org
    $815,093
    From related orgs
    $0
    Other
    $57,063
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $633,725
    Bonus
    $160,050
    Other
    $21,318
    Deferred
    $16,302
    Nontaxable benefits
    $40,761
    Filer's total
    $872,156

  • Steve Ertel

    See Schedule O

    Total calculated
    $594,768
    From this org
    $467,702
    From related orgs
    $0
    Other
    $127,066
    Hours/week
    50 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $372,847
    Bonus
    $94,245
    Other
    $610
    Deferred
    $41,302
    Nontaxable benefits
    $85,764
    Filer's total
    $594,768

  • Sydney Savion

    See Schedule O

    Total calculated
    $0
    Hours/week
    50

  • John Geer

    See Schedule O

    Total calculated
    $1,111,771
    From this org
    $1,066,194
    From related orgs
    $0
    Other
    $45,577
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $667,627
    Bonus
    $59,853
    Other
    $338,714
    Deferred
    $16,302
    Nontaxable benefits
    $29,275
    Filer's total
    $1,111,771

  • John Kuriyan

    See Schedule O

    Total calculated
    $1,140,639
    From this org
    $1,094,054
    From related orgs
    $0
    Other
    $46,585
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $751,305
    Bonus
    $325,000
    Other
    $17,749
    Deferred
    $16,302
    Nontaxable benefits
    $30,283
    Filer's total
    $1,140,639

  • Clark Lea

    See Schedule O

    Total calculated
    $3,711,137
    From this org
    $3,663,116
    From related orgs
    $0
    Other
    $48,021
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $3,477,576
    Bonus
    $162,500
    Other
    $23,040
    Deferred
    $16,302
    Nontaxable benefits
    $31,719
    Filer's total
    $3,711,137

  • Derek Mason

    See Schedule O

    Total calculated
    $2,166,660
    From this org
    $2,166,660
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $2,166,660
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $2,166,660

  • Jerry Stackhouse

    See Schedule O

    Total calculated
    $4,468,282
    From this org
    $4,187,650
    From related orgs
    $0
    Other
    $280,632
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $3,673,800
    Bonus
    $490,702
    Other
    $23,148
    Deferred
    $278,802
    Nontaxable benefits
    $1,830
    Filer's total
    $4,468,282

  • Randall Thomas

    See Schedule O

    Total calculated
    $985,735
    From this org
    $942,715
    From related orgs
    $0
    Other
    $43,020
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $927,872
    Bonus
    $0
    Other
    $14,843
    Deferred
    $16,302
    Nontaxable benefits
    $26,718
    Filer's total
    $985,735

  • Timothy C Corbin

    See Schedule O

    Total calculated
    $2,123,797
    From this org
    $1,819,456
    From related orgs
    $0
    Other
    $304,341
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,681,446
    Bonus
    $133,500
    Other
    $4,510
    Deferred
    $282,673
    Nontaxable benefits
    $21,668
    Filer's total
    $2,123,797

  • Andre L Churchwell

    See Schedule O

    Total calculated
    $752,583
    From this org
    $714,062
    From related orgs
    $0
    Other
    $38,521
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $631,021
    Bonus
    $75,996
    Other
    $7,045
    Deferred
    $16,302
    Nontaxable benefits
    $22,219
    Filer's total
    $752,583

  • Lawrence J Marnett

    See Schedule O

    Total calculated
    $711,569
    From this org
    $672,383
    From related orgs
    $0
    Other
    $39,186
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $635,411
    Bonus
    $0
    Other
    $36,972
    Deferred
    $16,302
    Nontaxable benefits
    $22,884
    Filer's total
    $711,569

  • Nicholas S Zeppos

    See Schedule O

    Total calculated
    $218,072
    From this org
    $218,072
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $218,072
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $218,072

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
Vanderbilt excludes first-class and charter travel from taxable income when a documented business purpose is served. First-class or charter travel - Travelers should fly via commercial airline and work to obtain the lowest fare possible. Business class or first class seating may only be used if the traveler's Vice Chancellor provides approval in writing in advance. This approval is only provided for limited circumstances as provided in Vanderbilt's Travel and Business Expense Policy. In cases where it is not possible to fly commercial due to scheduling commitments, and the travel is of the highest importance, travelers may request that the Chancellor approve a charter flight. After weighing the benefits of the trip against the cost of the charter, the chancellor may approve a charter flight. The Board of Trust has approved first class and charter travel for the Chancellor when necessitated by his schedule. Per Vanderbilt's athletics travel policy, the Vice Chancellor for University Affairs and Athletics can approve non-student travel on team charter flights, when there are extra seats, without requiring reimbursement to the university since the charter fee is not determined by the number of actual passengers. 3 officers, 2 highest compensated employees, and 1 key employee were provided first-class or charter travel that was not included in taxable compensation. 1 officer was provided first-class or charter travel that was included in taxable compensation.
Schedule J, Part I, Line 1a Travel for companions
1 officer and 1 highest compensated employee were provided companion travel that was not included in taxable compensation because a business purpose existed for the companions' travel. 1 officer was provided travel for their companion that was included in taxable compensation.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
1 officer, 1 key employee and 1 highest compensated employee was provided tax indemnification and gross-up payments that was included in taxable compensation.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
1 officer was provided a housing allowance that was included in taxable compensation.
Schedule J, Part I, Line 4a Severance or change-of-control payment
Certain Individuals Listed in Form 990, Schedule J, Part II received a severance payment in connection to their termination of status as an officer or employee. 1 payout was made under a severance agreement: Derek Mason: $2,166,660
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Certain individuals listed in Form 990. Schedule J, Part II, participate in nonqualified deferred compensation plans. Amounts contributed to the plans include fixed %s of annual bonus payments, and fixed dollar amounts. Contributions to the plan vest when individuals complete their contract term or continue employment to a designated date. Current year accruals of compensation associated with these plans are included in the amounts reported for such individuals in Schedule J, Part II, Column (C). The payout of these amounts in future years will be included in the amounts reported in Schedule J, Part II, Column (B)(iii), and will also be reported in Schedule J, Part II, Column (F). Five payouts were made under these plans to participating individuals in calendar year 2023. John Geer: $300,000 Anders Hall: $2,479,014 Candice Lee: $100,000 John Lutz: $350,000 Brett Sweet: $150,000
Schedule J, Part I, Line 7 Non-fixed payments
Certain individuals listed in Schedule J, Part II received variable incentive compensation based on the achievement of pre-established goals, where judgement was determined either by the Board of Trust or the Chancellor. Incentive payments are shown in Schedule J, Part II, Column B(ii).
Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception
Certain individuals are, from time to time, serving under the provisions of their initial contract to serve as officers of the university, which principally establishes their compensation, responsibilities and duties.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202501279349301815

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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